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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 413]
Evolve Education lifts annual profit 1.5%
Monday, 22 May 2017, 12:54 pm | BusinessDesk
May 22 (BusinessDesk) - Evolve Education Group reported a 1.5 percent gain in full-year profit as revenues continued to rise with the childcare operator's expanding portfolio of early childhood education centres. More >>
Kiwi Property annual profit falls 43%
Monday, 22 May 2017, 12:28 pm | BusinessDesk
May 22 (BusinessDesk) - Kiwi Property Group posted a 43 percent fall in annual profit as the value of its property portfolio rose at a slower pace than a year earlier, and it expects more moderation in the broader real estate market. More >>
World Week Ahead: Bulls holding fast
Monday, 22 May 2017, 12:01 pm | BusinessDesk
May 22 (BusinessDesk) - The global equities bull market remains intact, despite the latest political woes for US President Donald Trump and the increasingly clouded outlook for his pro-growth agenda. More >>
NZ dollar little changed ahead of FOMC
Monday, 22 May 2017, 11:59 am | BusinessDesk
May 22 (BusinessDesk) - The New Zealand dollar was little changed at the start of a quiet week for domestic economic data and the Federal Reserve's policy meeting is likely to be the main event ahead of an expected US rate hike next month. More >>
MARKET CLOSE: NZ shares higher on gains in large caps
Friday, 19 May 2017, 9:13 pm | BusinessDesk
May 19 (BusinessDesk) - New Zealand shares rose, led by Kathmandu and Air New Zealand, as improving global sentiment sparked interest in some of the biggest companies on the bourse, although Ryman Healthcare fell after earnings disappointed some investors. More >>
NZ dollar heads for 0.4% weekly fall
Friday, 19 May 2017, 9:12 pm | BusinessDesk
NZ dollar heads for 0.4% weekly fall; Temer steals Trump's limelight, US data prints stronger More >>
NZ's Ubco raises $3.95 million to power electric farm bike
Friday, 19 May 2017, 9:11 pm | BusinessDesk
May 19 (BusinessDesk) - Ubco, a New Zealand tech company that has designed an electric farm bike, successfully raised $3.95 million in funding in the US, Australia and New Zealand. More >>
Briscoe to seek secondary listing on ASX
Friday, 19 May 2017, 9:10 pm | BusinessDesk
May 19 (BusinessDesk) - Briscoe Group, the country's biggest listed retailer, will pursue a secondary listing on the Australian Securities Exchange next week in a bid to broaden its investor base. More >>
Powerhouse Ventures sells out of Syft
Friday, 19 May 2017, 2:35 pm | BusinessDesk
May 19 (BusinessDesk) - ASX-listed tech incubator Powerhouse Ventures has sold its 1.5 percent stake in Syft Technologies after deciding the investment was too small to hold much sway with the Christchurch-based gas analysis firm. More >>
NZ annual net migration still running at record levels
Friday, 19 May 2017, 2:33 pm | BusinessDesk
May 19 (BusinessDesk) - New Zealand annual net migration remained at a record high in April and short-term visitor arrivals also hit a new record, lifted in part by the Easter holiday. More >>
Infratil flush with investment options
Friday, 19 May 2017, 1:16 pm | BusinessDesk
May 19 (BusinessDesk) - Listed infrastructure investor Infratil is option rich in ways to spend its money after overhauling its portfolio and says US renewable energy projects show a lot of promise. More >>
AFT gets greenlight for nine additional European countries
Friday, 19 May 2017, 12:56 pm | BusinessDesk
May 19 (BusinessDesk) - AFT Pharmaceuticals obtained regulatory approval to sell its Maxigesic painkiller in nine additional European countries, a move that lets it ramp up international sales of its tablets. More >>
Ryman boss steps down as Parkinson's takes its toll
Friday, 19 May 2017, 12:53 pm | BusinessDesk
May 19 (BusinessDesk) - Ryman Healthcare managing director Simon Challies will leave the country's biggest listed retirement village operator at the end of June, having led the company through its 15th record profit, after recognising the toll Parkinson's ... More >>
Ryman chalks up another record profit
Friday, 19 May 2017, 12:28 pm | BusinessDesk
May 19 (BusinessDesk) - Ryman Healthcare posted a record annual profit, adding to its run of 15 years of earnings growth, as the hot property market underpinned gains from resales of its occupancy rights. More >>
NZ dollar slips vs greenback
Friday, 19 May 2017, 11:47 am | BusinessDesk
May 19 (BusinessDesk) - The New Zealand dollar declined against the US dollar and surged against the Brazilian real as the behaviour of the American and Brazilian presidents overshadowed concerns about economic fundamentals. More >>
While you were sleeping: Wall St rebounds, Brazil slumps
Friday, 19 May 2017, 10:45 am | BusinessDesk
May 19 (BusinessDesk) - Wall Street climbed, recovering some of Wednesday’s losses, while Brazil’s stocks, bonds and currency slumped as concern about the nation's corruption scandal intensified, implicating President Michel Temer. More >>
MARKET CLOSE: NZ shares fall, led by Xero
Thursday, 18 May 2017, 9:28 pm | BusinessDesk
MARKET CLOSE: NZ shares fall, led by Xero, Fletcher as investors grow more risk averse More >>
NZ dollar falls vs Aussie
Thursday, 18 May 2017, 9:26 pm | BusinessDesk
May 18 (BusinessDesk) - The New Zealand dollar declined against the Aussie dollar after figures showed the Australian economy added more jobs than expected last month while the unemployment rate fell. More >>
Australia's Trustee Partners wins over Complectus
Thursday, 18 May 2017, 9:25 pm | BusinessDesk
May 18 (BusinessDesk) - Australian corporate trustee firm Trustee Partners has won over New Zealand's Complectus, which owns the Perpetual Guardian supervisory business, with an offer that was attractive enough to trump plans for a $150 million initial ... More >>
NZ consumer confidence climbs in May as unemployment dips
Thursday, 18 May 2017, 4:32 pm | BusinessDesk
May 18 (BusinessDesk) - New Zealand consumer confidence rose in May, helped by a strengthening labour market that has driven unemployment to its lowest level in almost nine years, stoking optimism about people's finances even in the face of stagnant ... More >>
